Can I retire at age 66 with 1,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$148,642$147,318$146,027$144,766$143,535$141,741
2 years$73,585$72,215$70,887$69,599$68,350$66,545
3 years$48,570$47,193$45,868$44,593$43,364$41,604
4 years$36,064$34,692$33,380$32,127$30,928$29,226
5 years$28,563$27,199$25,905$24,676$23,511$21,873
6 years$23,564$22,210$20,935$19,734$18,603$17,031
7 years$19,994$18,652$17,397$16,224$15,129$13,623
8 years$17,318$15,988$14,754$13,610$12,551$11,111
9 years$15,238$13,921$12,708$11,593$10,570$9,195
10 years$13,575$12,270$11,079$9,993$9,006$7,695
11 years$12,215$10,924$9,754$8,697$7,746$6,498
12 years$11,083$9,804$8,656$7,628$6,712$5,526
13 years$10,125$8,860$7,734$6,735$5,853$4,727
14 years$9,305$8,054$6,949$5,978$5,131$4,063
15 years$8,595$7,357$6,274$5,332$4,518$3,507
16 years$7,975$6,750$5,688$4,774$3,993$3,037
17 years$7,428$6,217$5,176$4,289$3,540$2,638
18 years$6,942$5,744$4,725$3,866$3,148$2,296
19 years$6,508$5,324$4,325$3,493$2,806$2,003
20 years$6,118$4,947$3,970$3,163$2,506$1,751
21 years$5,765$4,608$3,651$2,871$2,243$1,533
22 years$5,445$4,302$3,365$2,610$2,010$1,344
23 years$5,153$4,023$3,107$2,377$1,804$1,179
24 years$4,886$3,769$2,874$2,168$1,622$1,036
25 years$4,641$3,537$2,662$1,980$1,459$911
26 years$4,415$3,325$2,468$1,811$1,315$801
27 years$4,206$3,129$2,292$1,657$1,185$706
28 years$4,012$2,948$2,131$1,518$1,069$622
29 years$3,832$2,781$1,983$1,392$966$548
30 years$3,664$2,627$1,847$1,278$873$483
31 years$3,507$2,483$1,722$1,174$789$427
32 years$3,361$2,350$1,607$1,079$714$376
33 years$3,224$2,225$1,500$992$646$332
34 years$3,095$2,109$1,402$913$585$294
35 years$2,973$2,000$1,310$840$530$259
36 years$2,859$1,898$1,226$774$480$229
37 years$2,751$1,803$1,147$713$435$202
38 years$2,649$1,714$1,074$657$394$179
39 years$2,552$1,629$1,007$606$358$158
40 years$2,461$1,550$944$559$324$140
41 years$2,374$1,476$885$516$294$124
42 years$2,292$1,405$830$476$267$109
43 years$2,213$1,339$779$439$242$97
44 years$2,139$1,276$731$406$220$86
45 years$2,068$1,217$686$375$200$76
46 years$2,000$1,161$645$346$181$67
47 years$1,935$1,108$606$320$165$59
48 years$1,873$1,058$569$295$149$52
49 years$1,814$1,010$535$273$136$46
50 years$1,757$965$503$252$123$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,800,000, adding $5,030 every year, while hoping to spend $38,535 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 39/32/29 Blend
65$1,800,000$1,800,000$1,800,000$1,800,000
66$1,988,788$1,893,388$1,865,488$2,049,091
67$2,150,644$1,945,164$1,886,981$2,145,485
68$2,327,717$1,998,184$1,907,903$2,245,740
69$2,521,520$2,052,470$1,928,193$2,353,424
70$2,733,716$2,108,043$1,947,788$2,469,238
71$2,966,138$2,164,920$1,966,623$2,593,959
72$3,220,806$2,223,123$1,984,626$2,728,439
73$3,499,942$2,282,669$2,001,725$2,873,617
74$3,805,993$2,343,578$2,017,840$3,030,529
75$4,141,658$2,405,866$2,032,891$3,200,316
76$4,509,905$2,469,552$2,046,791$3,384,232
77$4,914,005$2,534,650$2,059,449$3,583,664
78$5,357,563$2,601,177$2,070,769$3,800,136
79$5,844,547$2,669,147$2,080,653$4,035,329
80$6,379,330$2,738,574$2,088,993$4,291,095
81$6,966,728$2,809,471$2,095,681$4,569,475
82$7,612,046$2,881,847$2,100,598$4,872,719
83$8,321,130$2,955,713$2,103,624$5,203,306
84$9,100,420$3,031,077$2,104,629$5,563,967
85$9,957,009$3,107,946$2,103,481$5,957,713
86$10,898,713$3,186,324$2,100,036$6,387,863
87$11,934,142$3,266,215$2,094,148$6,858,075
88$13,072,784$3,347,619$2,085,661$7,372,379
89$14,325,090$3,430,534$2,074,413$7,935,218
90$15,702,576$3,514,957$2,060,233$8,551,490
91$17,217,930$3,600,881$2,042,942$9,226,591
92$18,885,131$3,688,297$2,022,353$9,966,471
93$20,719,582$3,777,191$1,998,269$10,777,686
94$22,738,255$3,867,549$1,970,487$11,667,464
95$24,959,848$3,959,350$1,938,790$12,643,771
96$27,404,967$4,052,572$1,902,953$13,715,386
97$30,096,312$4,147,187$1,862,741$14,891,988
98$33,058,900$4,243,163$1,817,906$16,184,242
99$36,320,294$4,340,465$1,768,193$17,603,906
100$39,910,866$4,439,049$1,713,329$19,163,939